Real Estate
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40-Acre Historic Property Called Summer Duck Lane Restored in Chester County
In West Marlborough Township, a 40-acre property known as Summer Duck Lane blends historic charm with thoughtful restoration, writes Laurel Anderson for County Lines Magazine. First registered in 1638 through a William Penn land grant, the land has deep local roots and was once part of the Pomeroy & Newark Railroad line. Owners Jon and…
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Wedding Venue and Adjacent Property Sold to Bensalem Landmark for $6.85M
In a $6.85 million deal, the Bensalem Landmark Shopping Center entity has acquired the Celebrations Wedding Venue and the adjacent shopping plaza from owner Francesco Dicianni, writes Paul Schwedelson for the Philadelphia Business Journal. According to the Pennsylvania Liquor Control Board, Celebrations’ liquor license has recently been transferred to the new owner. Dicianni is still…
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With Impending Closure of Valley Forge Military Academy, Questions Arise Over Future of Its 70-Acre Campus
With Valley Forge Military Academy closing at the end of the academic year, questions have arisen over its 70-acre campus, which could represent a real estate opportunity in one of the region’s most coveted locations, writes Ryan Mulligan for the Philadelphia Business Journal. The campus straddles Tredyffrin Township in Chester County and Radnor Township in…
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Great Valley School District Acquires Malvern Office Building for $7.5 Million
The board of Great Valley School District has authorized the $7.5 million purchase of an office building in Malvern, adjacent to the existing high school campus, writes Ryan Mulligan for the Philadelphia Business Journal. Known as the Westbrook Corporate Center, the nearly 190,000-square-foot building sits on 21.9 acres at 41 Moores Road. The price is a…
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Collegeville’s Pfizer Campus Wins 75 Percent Tax Assessment Cut
The Bridge at Collegeville, one of Montco’s largest office campuses, just saw its tax burden shrink dramatically, writes Paul Schedelson for the Philadelphia Business Journal. After two rounds of appeals, the assessed value of the 340-acre site dropped by more than 75 percent. This cut the owners’ property tax bill from $7.8 million to $1.9…
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First Bank House of the Week: Glass House in Gladwyne Redefines Main Line Luxury Living
For $7,950,000, this striking Gladwyne estate known as The Glass House delivers modern architecture and unmatched privacy on the Main Line. . . Spanning 16,000 square feet, the residence is a masterwork of glass, stone, wood, and steel, designed by two Parisian architects who envisioned a seamless blend of luxury and nature. . . Nestled…
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Conshohocken’s Morgan Properties Buys $70M Florida Apartment Complex
Conshohocken’s Morgan Properties, the nation’s largest private multifamily owner, has added another major purchase to its growing portfolio, writes Lidia Dinkova for The Real Deal. The firm acquired a 300-unit apartment complex near West Palm Beach for nearly $70 million, underscoring its aggressive national expansion strategy. The gated community, Visions at Willow Pond, includes 17…
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Port of Philadelphia Acquires Coveted 152-Acre Mustin Yard for $90 Million
The Port of Philadelphia has acquired the long-coveted 152-acre Mustin Yard in a $90 million deal, write Ryan Mulligan and Paul Schwedelson for the Philadelphia Business Journal. The property, owned since 2008 by Georgia-based Norfolk Southern, is located just south of I-95 and east of the Navy Yard. The purchase marks an important step in…
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Fort Washington’s Toll Brothers Set $1.6M Starting Home Prices for New Bucks County Community
Fort Washington-based Toll Brothers has set the starting home prices at $1.6 million for homes in its newest Bucks County community, Lyondale Meadows, located in Newtown, writes Ryan Mulligan for the Philadelphia Business Journal. The development will feature 45 homes, with sales opening in the fall. The luxury homebuilder acquired the 61-acre parcel in late…
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What $1,900 in Rent Gets You in Bala Cynwyd, Fishtown, and West Philly
With median rents in the Philadelphia region hovering around $1,900 a month, renters are asking what that budget can actually secure, writes Michaelle Bond for the Philadelphia Inquirer. A look at properties in Bala Cynwyd, Fishtown, and West Philadelphia shows a wide range of options that highlight the diversity of the local rental market. In…
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6 Multimillion-dollar 19th-century Homes Are on Sale Along One of Philadelphia’s Most Coveted Blocks
In a rare occurrence, six multimillion-dollar 19th-century homes are currently on the market on the same block of 18th and Delancey Place, one of the most exclusive and coveted addresses in Philadelphia, writes Ryan Mulligan for the Philadelphia Business Journal. Three of the six properties are listed for over $5 million and span over 6,000…
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First Bank House of the Week: Historic Jenkintown Colonial Hits Market at $1.6M
Listed at $1,636,000, this Jenkintown treasure blends history with contemporary living, offering a rare chance to own a home with stories dating back to William Penn’s era. Known as Vernon, the estate was established in 1736 through a land grant and originally built for the Jenkins family, founders of Jenkintown. . . Inside, the six-bedroom…
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Redevelopment of Exton Mall Among Mixed-Use Projects Reshaping Philadelphia Suburbs
The redevelopment of the Exton Square Mall by Abrams Realty & Development is among the growing number of projects reshaping Philadelphia’s suburbs, writes Paul Schwedelson for the Philadelphia Business Journal. The 75-acre property was originally owned by PREIT, which sold a smaller section of it to Hanover, leading to the development of a 350-unit apartment…
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Dresher’s BET Investments Leads Suburban Redevelopment Wave
Montgomery County is becoming the proving ground for large-scale redevelopment projects, according to Paul Schwedelson for the Philadelphia Business Journal. Michael Markman, president of Dresher’s BET Investments, says the best redevelopment opportunities often begin with strong retail sites. “Our best apartments are apartments that are on otherwise really good retail sites,” he said. BET has…
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Fort Washington’s Toll Brothers Exits Apartment Business in $347M Deal
Toll Brothers is stepping away from the apartment business to concentrate on what it does best, writes Joseph N. DiStefano for the Philadelphia Inquirer. The Fort Washington company is focusing all its attention on single-family homebuilding. The company announced the sale of its Toll Brothers Apartment Living unit, including 18 apartment complexes and 29 development…
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George Washington’s Former Headquarters in Fort Washington Hits Market for $3.295M
A historic home in Fort Washington that was George Washington’s headquarters during the Revolutionary War has hit the market for $3.295 million, writes Ryan Mulligan for the Philadelphia Business Journal. The residence, named Emlen House after the Quaker family that built it in 1717, spans almost 8,000 square feet and has recently undergone extensive renovations.…
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Conshohocken’s Morgan Properties Buys $35.5M in Florida Apartments
Conshohocken’s Morgan Properties has added five more apartment complexes to its growing portfolio in a $35.5 million transaction across Northeast Florida, writes Dan Macdonald for Jacksonville Daily Record. The acquisitions include four properties in Duval County and one in Clay County. Together, the purchases total more than 348 units. Amenities across the communities include on-site…
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First Bank House of the Week: Timber-Frame Luxury Home With In-Law Suite Listed in Perkiomenville
Welcome to 661 Henning Road, a one-of-a-kind timber-frame home on nearly five wooded acres in scenic Perkiomenville. Listed at $999,000, this architectural masterpiece blends handcrafted detail with modern energy efficiency. . . Built by the Davis Timber Frame Company, the residence showcases mortise-and-tenon joinery and Murus insulated panels, ensuring lasting strength and comfort. Inside, more…
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